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    Thread: A Guide For The Newbie Forex Traders (part 5)

    1. #21
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      A trader who have very recently joined in this business should follow all of these advice. I always suggest the new trader to join the copy trade until they learn well and no need to waste bonus for practicing in a real account. If you want to trade by yourself you should always choose the lower leverage with strong money management.


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    3. #22
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      Yep, I get it but the thing is those who already have much experience in trading marker they don't want to share there working process how thy trad and how they do market analysis. If you are an experience full trader do gonna share your trade market analysis process. kids always learn from they are senior a new trader is like kids. But the thing is none of the senior traders want to share they are process .


    4. #23
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      I can give some another advice to the new traders. Every trader must have to read some news on forex market, they should read the forecast on certain currency which he want to trade. He must have to read news impact before opening trade. At last he will must have to see the currency strength by which he want to trade. Currency strength will say us which currency is ready to trade or not.


    5. #24
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      Please if you are a newbie in the house first of all you need to establish patience so that you can be able to learn well and bear all the difficulties during this newbie stage so that you can be a good trader someday. As a newbie learning and practicing adequately is the first step to take in Forex for the rate at which you learn now would determine the rate at which you would earn later.


    6. #25
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      There are many guides that newbies can use, if we go through this forum as beginners, we will find many things that we can easily learn from and understand how the forex market is working, our problem could be laziness to read, the short cut mentality had injured our right thinking patterns.


    7. #26
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      Forex is a hard business so it is very tough to take profit for the new trader so Demo is the best way to learn in Forex and if a trader practice in Forex with Demo during a long time then he will be an expert trader.Never be greedy during his trading life.Otherwise he never survive in the Forex trading.


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    9. #27
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      I don't like to the beginners newbie, I think it sounds old. But I will advice everyone of them to always make learning their first priority in the market and never to focus on acquiring huge profit. When we learn to a stage we will know when it's right and when not right to take big risk. But forex Education and practicing is the key to get in to such stage


    10. #28
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      Forex is so tough that we have heard several times about how more people easily lose money when we compare that figure to the successful ones, this should make us quiver and trade with so much care, newbies must study the demo account and become proficient before proceeding for live trading.


    11. #29
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      no because you are a newbie does not mean that you should use a very low leverage because if you do then you will not have more money to be set aside for further trading and you will also not be able to control your emotions especially when you are seeing a drawdown.


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    13. #30
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      For me newbies should focus their learning on 3 aspects of this profession, these are good strategy, proper risk management and trading psychology.This maybe general in nature but everything that a trader needs to succeed comprised in this aspects and if you focus your learning to it instead of focusing on profits you will surely progress as a good trader in no time.


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